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Gujarat Gas Ltd.
(GUJGASLTD)
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Rating:70Outperform
Price Target:
₹289.00
▼(-33.87% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily supported by strong financial performance (accelerating FY2026 growth, improved free cash flow, and historically low leverage), partly offset by weak technical trends (below key moving averages with negative MACD). Valuation is moderately supportive due to a reasonable P/E and a 2.21% dividend yield.
Positive Factors
Accelerating revenue growth
The sharp FY2026 revenue acceleration indicates stronger demand for the company’s gas distribution services and improved volume or pricing conditions. If sustained, higher sales can support network utilization, operating leverage, and reinvestment across its PNG and CNG infrastructure.
Negative Factors
Sharp FY2026 debt increase
The large one-year increase in debt represents a material change from Gujarat Gas’s historically conservative balance sheet. If the higher borrowing level persists, interest costs and repayment commitments could reduce financial flexibility, constrain capital allocation, and make future results more sensitive to cash-flow weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue growth
The sharp FY2026 revenue acceleration indicates stronger demand for the company’s gas distribution services and improved volume or pricing conditions. If sustained, higher sales can support network utilization, operating leverage, and reinvestment across its PNG and CNG infrastructure.
Read all positive factors
Gujarat Gas Ltd. (GUJGASLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹230.15B
Dividend Yield2.68%
Average Volume (3M)216.05K
Price to Earnings (P/E)19.9
Beta (1Y)1.06
Revenue Growth43.18%
EPS Growth34.40%
CountryIN
Employees942
SectorGeneral
Sector StrengthN/A
IndustryRegulated Gas
Share Statistics
EPS (TTM)16.21
Shares Outstanding938,230,830
10 Day Avg. Volume88,833
30 Day Avg. Volume216,052
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)1.56
Price to Sales (P/S)1.22
P/FCF Ratio14.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹231.00Price Target Upside-47.14% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)27.26
Revenue Forecast (FY)₹321.69B
Gujarat Gas Ltd. Business Overview & Revenue Model
Company Description
Gujarat Gas Limited is an Indian company primarily involved in the distribution of natural gas throughout the country. Its extensive infrastructure comprises approximately 33,500 kilometers of gas pipelines and a network of 721 compressed natural ...
How the Company Makes Money
Gujarat Gas makes money by sourcing natural gas and selling it to end customers through its CGD infrastructure. Its primary revenue streams are (1) sales of natural gas as PNG to industrial, commercial, and residential customers via pipeline netwo...
Gujarat Gas Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 159.06B | 236.14B | 164.87B | 156.90B | 167.59B | 164.56B |
| Gross Profit | 32.35B | 37.35B | 32.65B | 31.34B | 34.86B | 30.19B |
| EBITDA | 18.82B | 35.91B | 18.80B | 18.55B | 23.88B | 20.80B |
| Net Income | 11.16B | 20.19B | 11.48B | 11.44B | 15.28B | 12.87B |
Balance Sheet | ||||||
| Total Assets | 133.70B | 275.46B | 126.51B | 116.92B | 109.27B | 95.87B |
| Cash, Cash Equivalents and Short-Term Investments | 24.47B | 13.14B | 3.59B | 9.26B | 6.91B | 220.00M |
| Total Debt | 1.51B | 32.43B | 1.50B | 1.50B | 1.52B | 6.29B |
| Total Liabilities | 46.72B | 86.88B | 41.61B | 39.69B | 38.99B | 39.57B |
| Stockholders Equity | 86.98B | 184.39B | 84.90B | 77.22B | 70.28B | 56.30B |
Cash Flow | ||||||
| Free Cash Flow | 7.30B | 20.29B | 10.54B | 7.97B | 12.89B | 2.95B |
| Operating Cash Flow | 10.21B | 29.82B | 18.06B | 16.34B | 23.75B | 16.62B |
| Investing Cash Flow | -9.53B | -26.14B | -19.21B | -8.79B | -10.39B | -12.94B |
| Financing Cash Flow | -499.70M | -1.62B | -4.74B | -5.14B | -6.78B | -6.28B |
Gujarat Gas Ltd. Technical Analysis
Negative
437.00
Price Trends
257.92
Negative
283.76
Negative
302.45
Negative
Market Momentum
-4.73
Negative
43.47
Neutral
15.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GUJGASLTD, the sentiment is Negative. The current price of 437 is above the 20-day moving average (MA) of 247.19, above the 50-day MA of 257.92, and above the 200-day MA of 302.45, indicating a bearish trend. The MACD of -4.73 indicates Negative momentum. The RSI at 43.47 is Neutral, neither overbought nor oversold. The STOCH value of 15.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GUJGASLTD.
Gujarat Gas Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹209.16B | 15.28 | ― | 3.18% | 9.92% | -18.29% | |
71 Outperform | ₹107.04B | 14.94 | ― | 2.77% | 11.12% | -33.11% | |
70 Outperform | ₹230.15B | 19.88 | ― | 2.68% | 43.18% | 34.40% | |
68 Neutral | ₹151.74B | 13.71 | ― | 1.86% | ― | ― | |
65 Neutral | ₹1.13T | 11.57 | ― | 3.18% | 3.52% | -15.10% | |
57 Neutral | ₹726.59B | 114.90 | ― | 0.04% | 19.81% | -2.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:GUJGASLTD
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Gujarat Gas Ltd. Corporate Events
Gujarat Energy Sets Record Date for Share Allotment in GSPL Transmission
Jun 25, 2026
Gujarat Energy Limited has notified stock exchanges that it has emailed shareholders to inform them of the fixation of Record Date 3 under a Composite Scheme of Amalgamation and Arrangement involving several group entities, including Gujarat State...
Gujarat Energy Confirms Share Credit to Stakeholders After Group Restructuring
Jun 24, 2026
Gujarat Energy Limited has notified the exchanges that it has sent an email communication to shareholders of Gujarat State Petroleum Corporation Limited and Gujarat State Petronet Limited, recorded as of 12 May 2026, regarding the credit of its eq...
Gujarat Energy Publishes Notices on Special Demat Window and Investor Campaign
Jun 8, 2026
Gujarat Energy Limited has notified stock exchanges that it has published shareholder notices in Financial Express editions as part of its regulatory communications. The notices relate to a third special window for transfer and dematerialisation o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.